Islamabad:The policy level negotiations between the International Monetary Fund (IMF) and the government financial team concluded today.
Finance Minister Shamshad Akhtar lead the Pakistan’s team in talks with the IMF mission for approval of next tranche of loan to Pakistan.
The international lender and the financial team of Pakistan will prepare final draft today.
On the other hand, the government has decided to impose a windfall tax upto 40 percent on the profits of the banks in the country on the conditions of the IMF, sources said.
The IMF and the government financial team have agreed to impose windfall tax on the profits of the Banks up to Rs 55 billions.
